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Success of Fund Supermarkets
Worries Fund-Firm Executives

By

Pui-Wing Tam Staff Reporter of The Wall Street Journal

Updated Dec. 28, 1998 11:28 p.m. ET

Have mutual-fund "supermarkets" become too successful?

Pioneered in 1992 by Charles Schwab Corp., the marketplaces were hailed as convenient distribution outlets that would help fund companies of all sizes compete. Supermarket services allow investors to pick up a Janus fund, say, in Aisle 6 -- figuratively speaking -- something from Invesco in Aisle 2 and any number of lesser-known offerings on the way to the checkout...